Keir Starmer aims to use a London-based European summit to partially reverse Brexit. This involves aligning UK laws with EU regulations, particularly concerning product standards, potentially leading to increased trade but also to regulatory constraints.
Critics, such as Joël Reland from UK in a Changing Europe, highlight that this voluntary alignment won't provide relief from EU regulatory checks, meaning the UK would follow EU rules without influence.
Former Brexit negotiator, Frost, expresses concern that this approach will cede power to Brussels, making it difficult to regain control in the future. He suggests the plan involves concessions made gradually, leading to a return to EU influence.
Beyond trade, the UK and EU are exploring linking their carbon markets. This aims to increase Treasury revenue and prevent British companies from facing levies when trading with the EU. However, potential retaliation from the US regarding carbon border taxes is a consideration.